Post by
oilinvestor52 on Jul 15, 2024 8:54pm
Buyer pressure from redemptions
Another 3 bank prefs redeeming at month end. ETFs as I understand it have to deploy the capital back into the asset class when they receive capital from redemptions. Shrinking asset class with a constant stream of buying pressure from all the bank redeptions taking place. Makes BPO prefs very attractive.
Comment by
Carena on Jul 16, 2024 11:09am
Hi there, It is hard to disagree that the pref share space is shrinking....not 100% sure that is a big positive for BPO prefs, but certainly not at all bad for them. Have a great day! Carena
Comment by
oilinvestor52 on Jul 17, 2024 11:21pm
Very positive for all remaing Prefs.